Press Release by SPRING Singapore: Number of Enterprises and Start-Ups Supported by Spring Singapore Doubled in 2015

NUMBER OF ENTERPRISES AND START-UPS SUPPORTED BY SPRING SINGAPORE DOUBLED IN 2015

SPRING helped more than 20,000 enterprises and 300 start-ups press on with their restructuring efforts and grow.

1. More than 20,000 enterprises embarked on 22,000 projects last year. This was twice the number of enterprises supported in 2014. When fully implemented, these projects would create 19,500 new jobs and contribute $6.9 billion value-add to the economy. Close to 95% of these SPRING-supported companies were enterprises with $10 million or less in annual revenue.

2. Together with its partners, SPRING engaged 70,000 enterprises in 2015, with some 22,000 assisted through the SME Centres where SMEs received free business advice and access to information on government schemes.

HistoIndex was listed in Annex A of this press release: Fact sheet on companies showcased in SPRING’s Year-in-Review.